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Best Online Brokers in Spain in 2024

Franklin Silva| Updated January 16th, 2024

In the dynamic world of online trading, selecting the right broker is a pivotal decision for investors seeking success in the financial markets. Picking the best broker in Spain is not an easy task considering the evolving landscape of online brokerage services in Spain, offering a plethora of options to traders.

In this comprehensive guide, we bring you an in-depth comparison of the best investment platforms in Spain. From fees to regulatory compliance, user interfaces to available trading products, join us as we assist you in making informed decisions for your investment journey.

Best Brokers in Spain

Short on time? Check out our top picks for the best online brokers in Spain:

  1. eToro: Best commission-free investing
  2. Interactive Brokers: Best online brokerage company overall
  3. Scalable Capital: Best for automatic investing (Robo-advisor)
  4. XTB: Best for forex
  5. Saxo Bank: Best for experienced investors
  6. DEGIRO: Best discount broker
  7. Trading 212: Best for commission-free ETFs

✔️ All of them are authorized to operate in Spain by the Comisión Nacional del Mercado de Valores (CNMV).
As such, all are under investor protection schemes.

Best Online Brokers in Spain in 2024 1

#1 Best broker in Spain for commission-free investing

Min. deposit of $50
$0 for stocks and ETFs (other fees apply)
Demo account
View BrokerBest Online Brokers in Spain in 2024 2Read review
eToro Summary

The leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

Investor Compensation Scheme

Up to €20,000 for clients under eToro (Europe) Ltd; Up to £85,000 for clients under eToro (UK) Ltd.

Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.

76% of retail CFD accounts lose money.

Best Online Brokers in Spain in 2024 3

#2 Best online brokerage company overall

Min. deposit of €0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerBest Online Brokers in Spain in 2024 2Read review
Interactive Brokers Summary

IBKR is a leading global online broker which provides an advanced trading platform, a large selection of tradable securities, and low fees. It also launched IBKR GlobalTrader.

Investor Compensation Scheme

Up to £85,000 for clients under IB U.K. Limited; Up to €20,000 for clients under IB Ireland Limited.

Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.
Best Online Brokers in Spain in 2024 5

#3 One of the top brokers with Robo-Advisor feature

Min. deposit: €1 (Broker); €1,000 (Robo-Advisor)
0% Commission
Accessible app
View BrokerBest Online Brokers in Spain in 2024 2
Scalable Capital Summary

Scalable Capital acts both as an Online Broker and a Robo-Advisor.

Investor Compensation Scheme

Up to €100,000 for cash; Up to €20,000 for financial assets.

Fractional sharesYes
RegulatorsBaFinInterest on uninvested cashEUR: 2.60%
Products and MarketsStocks, ETF, funds, derivatives and crypto ETPs.
Best Online Brokers in Spain in 2024 7

#4 Among the best Forex trading brokers in Spain

Min. deposit of €0
0% Commission (Stocks and ETFs)
Demo Account
View BrokerBest Online Brokers in Spain in 2024 2Read review
XTB Summary

XTB is a well-known online broker established in 2002 with offices in over 30 countries all over the world.

Investor Compensation Scheme

Up to €20,000 for clients under XTB SA; Up to £85,000 for clients under XTB Limited.

Fractional sharesYes (in some countries)
RegulatorsFCA, KNF, CySEC, DFSA and FSCInterest on uninvested cashEUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5%
Products and MarketsReal Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities.

76-85% of retail CFD accounts lose money.

Saxo-logo

#5 Best online broker for experienced investors

Demo Account
Excellent reputation
Wide range of financial products
View BrokerBest Online Brokers in Spain in 2024 2Read review
Saxo Bank Summary

Saxo Bank is an investment bank specialized in online trading and investment. It is a global and leading online broker, offering access to most asset classes worldwide.

Investor Compensation Scheme

Europe: up to €100,000 for cash and €20,000 for securities; UK: up to £85,000; Switzerland: CHF 100,000; Hong Kong: HKD 500,000

Fractional sharesNo
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.Interest on uninvested cashUSD: Up to 4.059%; EUR: Up to 2.65%; GBP: Up to 3.93% (as of January 2024)
Products and MarketsStocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities

62% of retail CFD accounts lose money.

Best Online Brokers in Spain in 2024 10

#6 Top online stock broker with a wide product portfolio

Min. deposit of €0
No Withdrawal Fees
Mobile App
View BrokerBest Online Brokers in Spain in 2024 2Read review
DEGIRO Summary

DEGIRO is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

Investor Compensation Scheme

Securities: up to €20,000 (from non-returned assets up to 90%)
Cash balance: up to €100,000

Fractional sharesNo
RegulatorsAFM, DNBInterest on uninvested cash0%
Products and MarketsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.

Investing involves risk of loss.

Best Online Brokers in Spain in 2024 12

#7 Leading broker in Spain with commission-free ETFs

Free share bonus with code ``IITW``
Commission-free investing
Minimum deposit: €10
View BrokerBest Online Brokers in Spain in 2024 2Read review
Trading 212 Summary

Trading 212 is an online broker that lets you trade stocks, ETFs, and CFDs. It offers commission-free trading and a robo-advisor feature. Free share worth up to €100 with the Trading 212 promo code: “IITW”.

Investor Compensation Scheme

Up to £85,000.

Fractional sharesYes
RegulatorsFCA, CySEC and FSC.Interest on uninvested cashEUR: 4.20%; USD: 5.10%; GBP: 5.00%
Products and MarketsReal Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.

Investing involves risk of loss.

Comparison of Best Online Brokers in Spain

Online Broker Minimum deposit Financial products available Fees on US stocks Regulators
eToro $50 Stocks, ETFs, Cryptocurrencies, CFDs on Stocks, ETFs, Commodities, Forex, Indices $0 FCA, CySEC, and ASIC
Interactive Brokers €0 Stocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds. Between $0.0005 and $0.0035 per US share (min. $0.35) FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB
Scalable Capital €1 (Broker); €1,000 (Robo-Advisor) Stocks, ETFs, funds, derivatives, commodities and crypto ETPs BaFin, Deutsche Bundesbank
XTB €0 Stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies €0 (Up to €100.000 in monthly volume transactions – applicable in some countries) FCA, KNF, CySEC, DFSA and FSC
Saxo Bank €0 Stocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities Up to 0.08%
(min. $1)
ASIC, FSA, FCA, SFC, MAS, FINMA, DFSA
DEGIRO €0   Stocks, ETFs, Bonds, Options, Futures Contracts, Warrants, Investment Funds, and some leveraged products  €1 Commission + €1 Handling  AFM, DNB, BaFin
Trading 212 €10 Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system. €0 FCA, CySEC, and FSC

#1 eToro: Best broker in Spain for commission-free investing

Best Online Brokers in Spain in 2024 14
Visit eToroBest Online Brokers in Spain in 2024 2
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro at a glance

Products availableStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies
RegulatorsFCA, CySEC, ASIC
Minimum Deposit$50
Fees$0 for stocks and ETFs (other fees apply)
Demo AccountAvailable

One of the best trading platforms in Spain is eToro, an international online broker with over 30 million users who trade stocks, forex, commodities, cryptocurrencies, CFDs, and ETFs. It is known for its social trading feature where you can copy the trades of other experienced traders. There are thousands of verified traders on eToro, and you can pick the best trader based on past Return on Investment (ROI), risk profile, or other factors.

The eToro platform gives users access to over 3,000 different financial instruments, including stocks and ETFs. Additionally, users can invest in ready-made investment portfolios (Smart Portfolios), a group of several assets or traders combined together based on a theme or strategy.

Plus, eToro offers commission-free stock and ETF trading in Spain (other fees apply).

Opening an account and depositing is easy, and you can even try it out with virtual money (a demo account). On the downside, spreads can be high for some products. The only currency accepted (base currency) is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.

eToro is fully regulated and supervised by top-tier regulators such as the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) in Australia. The subsidiary in Europe, formerly known as “eToro (Europe) Ltd,” is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC).

If you want to learn more, check out our eToro Review.

Best Online Brokers in Spain in 2024 16

Pros

  • Commission-free stock and ETF trading (other fees apply)
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators

Cons

  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Only one currency account (USD) - a currency conversion fee is applied if you deposit in a different currency
  • Doesn’t offer bonds, futures, or options

#2 Interactive Brokers: Best online brokerage company overall

Best Online Brokers in Spain in 2024 17
View BrokerBest Online Brokers in Spain in 2024 2

Interactive Brokers at a glance

Products availableStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB
Minimum Deposit€0
Fees$0.0035 per US stock (min. $0.35 per order)
Demo AccountAvailable

Another exceptional trading platform in Spain is Interactive Brokers. Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker that surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from +135 markets, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. Besides, customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy (but fully online), and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade stocks, ETFs, and options, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, and a demo account.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

Interactive Brokers Web App

Pros

  • Low commissions on US stock trading
  • No monthly inactivity fee
  • The broadest product and markets range in the brokerage industry
  • Demo account
  • Excellent reputation (founded in 1978)
  • Extensive research and Education tools
  • Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
  • Offers interest on uninvested cash balances

Cons

  • Complicated and lengthy account opening process (but fully online)
  • Steeper learning curve for beginners
  • Website is difficult to navigate
  • Interactive Advisors (Robo-advisor feature) is only available for US customers

#3 Scalable Capital: One of the top brokers with Robo-Advisor feature

Best Online Brokers in Spain in 2024 5
Visit Scalable CapitalBest Online Brokers in Spain in 2024 2

Scalable Capital at a glance

Products availableStocks, ETFs, Funds, Derivatives, Commodities and Crypto ETPs
RegulatorsBaFin, Deutsche Bundesbank
Minimum Deposit€1 (Broker); €1,000 (Robo-Advisor)
FeesUp to €3.99 (on EU stocks)
Demo AccountNot Available

Founded in 2014, Scalable Capital is a German fintech that offers two services: Brokerage, where you can trade shares, ETFs, funds, crypto, and derivatives and invest via a savings plan by yourself, and a Wealth Service (Robo-advisor), where you get a personalized portfolio managed by Scalable Capital.

On the brokerage side, the range of available products is considerable: 7,500+ shares, 2,400+ ETFs, 3,000+ Funds, 70+ Crypto ETPs, and 375,000+ derivatives. It offers three pricing plans: “Free broker” for €0/month; “Prime Broker” for €2.99/month and “Prime Broker Flex” for €4.99. In all of them, you have free trading in a list of “PRIME ETFs”. Commission-free trading in shares is included in the “Prime Broker” plan.

Scalable Capital landing page

Within the Wealth Service, you will only be presented with different portfolios/strategies using ETFs. First, you need to answer a short questionnaire to access your risk profile, and then an appropriate portfolio will be set for you. Up to €100,000, you are charged an annual management fee of 0.75%. You can pay the minimum annual fee of 0.49% if you deposit over €500,000.

Scalable Capital has regulatory permission from the German Federal Financial Supervisory Authority (BaFin) to provide securities services, and it is also supervised by the German Federal Bank (Deutsche Bundesbank). As such, it is a member of the investor compensation scheme, which protects your cash (up to €100,000) and your assets (limited to 90%, up to a maximum of €20,000 per investor).

Pros

  • Stocks and ETFs commission-free (in PRIME Broker)
  • €1 minimum deposit
  • Interest on idle cash
  • No custody fee
  • Regulated by Bafin

Cons

  • No access to US stock exchanges
  • No fractional shares
  • Limited crypto available
  • €3.99 per trade on Xetra

#4 XTB: Among the best Forex trading brokers in Spain

Best Online Brokers in Spain in 2024 7
Visit XTBBest Online Brokers in Spain in 2024 2
Disclaimer: 77% of retail CFD accounts lose money.

XTB at a glance

Products availableStocks, ETFs, and CFDs on stocks, Forex, Indices, Commodities, and Cryptocurrencies
RegulatorsFCA, KNF, CySEC, DFSA and FSC
Minimum Deposit€0
Fees€0 on stocks (Up to €100.000 in monthly volume transactions – applicable in some countries)
Demo AccountAvailable

Founded in 2002, XTB is a major player in the brokerage industry with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) – plus other relevant regulatory bodies – and listed on the Warsaw Stock Exchange. 

You can invest through xStation 5 and xStation Mobile in different investment products, such as stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies (this product offering may vary slightly from country to country). It offers 0% commission on stocks and ETFs, but only in some countries*. Nonetheless, all investors get a 0% commission on stock and ETF CFDs. 

Opening an account and transferring money is a quick and hassle-free process. For beginners, it presents a demo account where you can trade as if it were real money to help you feel the investment platform firsthand, and you get access to educational tools. For intermediate and advanced investors, you will find plenty of technical and fundamental tools to help you better assess your investment decisions.

xtb dashboard

On November 6th, 2023, it started offering interest on uninvested cash in EUR at 3.80% in the first 90 days of opening an account and then reduced to 2%.

On the downside, you will face an inactivity fee of €10/month after one year of non-trading, and if you have not deposited in the last 90 days, it charges high commissions on CFDs of cryptocurrencies but low costs for Forex. 

Want to know more about XTB? Check our XTB Review.

Pros

  • Free stocks trading (only applicable to some countries)
  • Customizable trading platform (charts and workspace)
  • Low Forex Spreads
  • Demo account
  • No minimum account deposit
  • Valuable education materials
  • Top-tier Regulators

Cons

  • Complex trading platform for a beginner
  • High Stock CFD spreads
  • Limited product portfolio
  • Withdrawal fees for transfers below $100
  • Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)

#5 Saxo Bank: Best online broker for experienced investors

Saxo-logo
Visit SaxoBest Online Brokers in Spain in 2024 2
62% of retail investor accounts lose money when trading CFDs with this provider.

Saxo Bank at a glance

Products availableStocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA
Minimum Deposit€0 (with Classic account)
FeesUp to 0.08% (min. $1)
Demo AccountAvailable

Launched in 1992, Saxo Bank is one of the most solid financial entities in the brokerage industry, with a proven track record of success. It lets you trade over 70,000 financial instruments through their trading platforms: SaxoTraderPRO (for PC) and SaxoTraderGO (on mobile).

The wide range of cash and margin trading products across global markets includes stocks, ETFs, bonds, mutual funds, cryptos, options, futures, CFDs, forex, and more! Saxo Bank presents its advanced research tools for “Buy and hold or trade on leverage”. 

The Saxo Bank account tiers are the following:

  • Classic: A minimum €2,000 deposit is required (depending on the country of residency, for Spain there is no minimum deposit requirement), giving you access to tight spreads and customer and technical support 24/5.
  • Platinum: A minimum €200,000 deposit is required. In addition to Classic features, it also lowers trading prices by up to 30% and prioritizes local-language customer support.
  • VIP: A minimum €1,000,000 deposit is required. Here, you will find the best prices, access to trading experts, and exclusive event invitations.
SaxoTraderGo Dashboard

The pricing structure will vary according to your account tier. For instance, a US stock order will be 0.08% of the trade value, with a minimum of $1 in Classic. However, within the VIP tier, the same trade would be 0.03% of the trade value with the same minimum of $1. Plus, for accounts with stocks, ETFs/ETCs, or bond positions, a custody fee of up to 0.15% p.a. will apply.

The listed prices are approximate and will differ based on the resident country. For precise pricing details, refer to the platform’s trade tickets for a comprehensive overview.

Saxo Bank A/S is a fully licensed European bank under the supervision of the Danish Financial Supervisory Authority (FSA). Saxo Bank is a member of the Danish Guarantee Fund, which protects client cash deposits up to €100,000 and financial securities (stocks, ETFs,…) up to €20,000 per client.

Pros

  • Excellent research materials
  • Outstanding trading platforms (SaxoTraderPRO and SaxoTraderGO)
  • Extensive range of investment products
  • Long track record
  • Supervised by worldwide top-tier regulators

Cons

  • High minimum deposit (varies between countries)
  • Fees higher than average
  • Fee structure is complex
  • Does not accept US residents

#6 DEGIRO: Top online stock broker with a wide product portfolio

degiro-logo
Visit DEGIROBest Online Brokers in Spain in 2024 2
Investing involves risk of loss.

DEGIRO at a glance

Products availableStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
RegulatorsAFM, DNB
Minimum Deposit€0
Fees0% commissions on ETFs (external fees apply)
Demo AccountNot Available

Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With over 2.5 million users, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs. More info here).

For instance, you can trade some ETFs for free (a €1.00 flat handling fee – external costs – still apply) with no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of significant fundamental research, a €1.00 commission for US stocks, a €2.50 connectivity fee applies, and pricing alerts are missing.

Best Online Brokers in Spain in 2024 25

Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG (a German-regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our DEGIRO Review!

Pros

  • List of commission-free ETFs available
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Low overall commission structure
  • No account opening, inactivity, or withdrawal fee

Cons

  • 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
  • €/£1 flat handling fee (charged in most transactions)
  • €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
  • Does not offer Forex, CFDs, and Cryptos
  • No demo account
  • Little research
  • Low-quality customer support

#7 Trading 212: Leading broker in Spain with commission-free ETFs

Best Online Brokers in Spain in 2024 26
Visit Trading 212Best Online Brokers in Spain in 2024 2

Investing involves risk of loss.

Trading 212 at a glance

Products availableReal Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system
RegulatorsFCA, CySEC and FSC
Minimum Deposit€10
Fees€0
Demo AccountAvailable

Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application. The company aims to do this by allowing anyone to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies. Over 15 million people have already downloaded the app.

In Trading 212, you will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system (Robo-advisor). Opening an account is extremely quick and easy. On the downside, it shows limitations regarding available products, such as the lack of bonds and options. It charges a 0.15% currency conversion fee when buying assets in a currency different from your base account.

Best Online Brokers in Spain in 2024 28

Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge, and Trading 212 CFD, where you may trade leveraged financial products (CFDs).

On Trading 212 CFD, the currency conversion fee (FX fee) is higher (0.50%) than on Trading 212 Invest (0.15%).

The minimum deposit and withdrawal amounts are both €10. There are no deposit fees if you use bank transfer (other options include cards and Google/Apple Pay). For withdrawals, there is no fee, regardless of the method used.

In terms of safety, every Trading 212 is regulated by the following regulators: the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Supervision Commission (FSC).

If you want to learn more, check our Trading 212 Review.

Pros

  • Commission-free Real Stocks and ETFs trading
  • AutoInvest & Pies feature
  • Fast and easy account opening process
  • Demo account
  • Top Tier Regulators
  • One free share worth up to €100 using the promo code "IITW"

Cons

  • Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
  • No relevant Fundamental tools
  • Spreads on Forex CFDs may be high in certain trading hours
  • Foreign exchange fees (0.15% and 0.50% in “Invest” and “CFDs” accounts, respectively)

Which platform should you choose?

Choosing a broker in Spain depends on various factors, including your trading preferences, investment goals, and level of experience.

Consider aspects such as fees, available markets, customer service, and user-friendly platforms. It’s crucial to choose a broker that aligns with your specific needs, whether you’re a beginner looking for simplicity or an experienced trader seeking advanced features.

Additionally, check if the broker is regulated by relevant authorities for added security (like the Comisión Nacional del Mercado de Valores – CNMV, in Spain). Research and compare brokers to find the one that best suits your individual requirements.

Please note that the information provided above is not intended as investment advice and should be regarded solely as informative. Investors are encouraged to conduct their own research and due diligence to identify services and opportunities that align with their risk tolerance, expected returns, and impact strategy.

Other FAQs about Brokers in Spain

How to invest in stocks from Spain?

You can use one of the online brokers shown above: eToro, Interactive Brokers, XTB, Saxo Bank, DEGIRO, Scalable Capital and Trading 212. US-based brokers like TD Ameritrade and Vanguard are not available in Spain.

What is a brokerage company?

It is an entity designed to be the middleman between you and the people you are trying to buy or sell a stock, ETF, crypto,… you name it!

Which broker is best in Spain?

There is no single answer. It depends on what you value most: fees, security, investment platform or any relevant feature.

What are the types of investments you can make with a brokerage account?

You can trade stocks, ETFs, Forex, Bonds, Futures and CFDs on stocks, ETFs, indices, cryptocurrencies, and commodities.

How much money do I need to start trading online in Spain?

The amount needed to start trading online in Spain varies. Many brokers have low minimum deposit requirements, often with no minimum investment at all. However, the ideal amount depends on your trading strategy, risk tolerance, and the assets you plan to trade.

Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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